Hard Off Co (TSE:2674) E10: 円89.49 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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TSE:2674 Hard Off Corporation Co Ltd TSE:2674
73 GF Score
Price 円2,700.00
GF Value 円2,446.74
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Hard Off Co E10?

Hard Off Co TSE:2674 -0.84% 73 E10 is 円89.49 as of Mar. 2026. GuruFocus rates TSE:2674 with a GF Score™ of 73/100 and a GF Value™ of 円2,446.74 (Fairly Valued). The stock has 4 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Hard Off Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円52.960. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円89.49 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 7.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Hard Off Co was 7.70% per year. The lowest was -0.60% per year. And the median was 3.20% per year.

As of today (2026-08-26), Hard Off Co's current stock price is 円2700.00. Hard Off Co's E10 for the quarter that ended in Mar. 2026 was 円89.49. Hard Off Co's Shiller PE Ratio of today is 30.17.

During the past 13 years, the highest Shiller PE Ratio of Hard Off Co was 32.42. The lowest was 9.10. And the median was 15.13.


Hard Off Co  (TSE:2674) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Hard Off Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2700.00/89.49
=30.17

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Hard Off Co was 32.42. The lowest was 9.10. And the median was 15.13.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Hard Off Co E10 Related Terms


Hard Off Co E10 Historical Data

* Premium members only.

The historical data trend for Hard Off Co's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hard Off Co E10 Chart

Hard Off Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 64.10 71.71 78.75 0.00 89.49

Hard Off Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 84.51 84.46 89.30 89.49 0.00

TSE:2674 vs CASY, WSM, ULTA: E10 Comparison

For the Specialty Retail subindustry, Hard Off Co's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hard Off Co Shiller PE Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Hard Off Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Hard Off Co's Shiller PE Ratio falls into.


TSE:2674
73GF Score
Hard Off Corporation Co Ltd TSE:2674
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hard Off Co E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Hard Off Co's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=52.96/112.7000*112.7000
=52.960

Current CPI (Mar. 2026) = 112.7000.

Hard Off Co Quarterly Data

per share eps CPI Adj_EPS
201603 10.839 97.900 12.478
201606 26.690 98.100 30.662
201609 11.310 98.000 13.007
201612 22.790 98.400 26.102
201703 6.758 98.100 7.764
201706 15.710 98.500 17.975
201709 11.859 98.800 13.527
201712 24.949 99.400 28.287
201803 -10.580 99.200 -12.020
201806 14.900 99.200 16.928
201809 3.887 99.900 4.385
201812 15.750 99.700 17.804
201903 2.090 99.700 2.363
201906 20.780 99.800 23.466
201909 0.837 100.100 0.942
201912 9.600 100.500 10.765
202003 -2.349 100.300 -2.639
202006 5.030 99.900 5.674
202009 11.260 99.900 12.703
202012 17.280 99.300 19.612
202103 -7.970 99.900 -8.991
202106 25.210 99.500 28.554
202109 3.624 100.100 4.080
202112 26.059 100.100 29.339
202203 20.160 101.100 22.473
202206 36.950 101.800 40.906
202209 16.280 103.100 17.796
202212 32.839 104.100 35.552
202303 33.040 104.400 35.667
202306 34.860 105.200 37.345
202309 19.635 106.200 20.837
202312 42.870 106.800 45.238
202403 53.245 107.200 55.977
202406 48.020 108.200 50.017
202409 25.490 108.900 26.379
202503 0.000 111.100 0.000
202506 39.150 111.700 39.500
202509 27.430 112.000 27.601
202512 61.650 113.000 61.486
202603 52.960 112.700 52.960

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of 円89.49 mean?
Hard Off Co (TSE:2674) has a E10 of 円89.49 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Hard Off Co and its competitors.
Is Hard Off Co's E10 too high?
Hard Off Co's current E10 is 円89.49. Overall, Hard Off Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hard Off Co's E10 compare to CASY and WSM?
Hard Off Co's E10 of 円89.49 can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Retail - Cyclical company?
A good E10 depends on the Retail - Cyclical industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Hard Off Co and its competitors. Hard Off Co's current E10 is 円89.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hard Off Co stock overvalued right now?
Based on GuruFocus' analysis, Hard Off Co (TSE:2674) is currently considered Fairly Valued. The stock's GF Value™ is 円2,446.74, compared to a current price of 円2,700.00 — trading 10.4% above its estimated fair value. The current E10 is 円89.49. Hard Off Co's overall GF Score™ is 73/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Hard Off Co (TSE:2674), the current E10 is 円89.49 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hard Off Co (TSE:2674) Overvalued in 2026?

Based on GuruFocus' analysis, Hard Off Co stock appears to be overvalued. The current stock price of 円2,700.00 is trading 10.4% above its estimated GF Value™ of 円2,446.74. GuruFocus considers Hard Off Co to be Fairly Valued.

Key valuation signals for TSE:2674:

  • E10: 円89.49
  • GF Value™: 円2,446.74 vs. price of 円2,700.00 (10.4% above fair value)
  • GF Score™: 73/100 with 4 warning signs

No single metric tells the full story. See the TSE:2674 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hard Off Co Business Description

Address 3-1-13 Shin-Eicho, Shibata-shi, Niigata, JPN, 957-0063
Hard Off Corporation Co Ltd is a Japan-based company engaged in the reuse business. Its business activities include the purchase of used and unnecessary items from the customers, carry out repair, maintenance, inspection, and cleaning and sell to the customers. Products offered by the Hard Off Corporation include a personal computer, musical instruments, furniture, clothing for men; women; and children, trading cards, game, plastic model, toy, car supplies, bags and accessories, books, wine, champagne, beer, sake and shochu.
73GF Score

Get the complete analysis for TSE:2674

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円2,700.00
Price
円2,446.74
GF Value